Sometime in July last year, a majority of mid-level IT engineers gulped down their morning coffee digesting cold facts released by a noted research firm, published across newspapers in the country.
HfS, a US based research firm predicted that India’s IT services industry will lose 6.4 lakh low-skilled jobs to automation by 2021. Worldwide, the firm predicts there will be 1.4 million IT jobs slashed, which is a decrease of 9 percent in headcount. For an industry that grew from $ 100 million in 1992 to $146 billion in 2016 in India, the research was an eye opener for many IT sector employees on what steps they should take next, after spending a monotonous 10 or 15 years in the flourishing industry. Continue reading “Automation – Impact on IT sector”